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BSI Financial Services approved by Ginnie Mae as eIssuer, eSubservicer
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The Title Report - Daily News
BSI Financial Services announced that Ginnie Mae has approved the company as both an eIssuer and eSubservicer under its digital collateral program.
As an approved eIssuer and eSubservicer, BSI is authorized to create Ginnie Mae eNotes and loan packages and service loans held within them.
As digital mortgage adoption accelerates, financial institutions increasingly need servicing partners with the infrastructure to manage digital collateral throughout the mortgage lifecycle.
“The Ginnie Mae approvals reflect the work we’ve done to build the technology, operational controls and expertise needed to support digital mortgage assets,” Gagan Sharma, founder and CEO of BSI Financial Services, said in a release.
The approvals followed Ginnie Mae’s evaluation of BSI’s operational processes and transaction testing for managing digital collateral.